Is Franklin Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Franklin Township has remained a Seller's Market.
Housing Prices in Franklin Township, OH
How much do homes in Franklin Township, OH cost?
Median Sold Price
$257,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Franklin Township was $257,000 in March 2024, up 25.4% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $295K | N/A |
2 Bedrooms | $160K | $159.9K | -0.1% |
3 Bedrooms | $202.5K | $235.7K | +16.4% |
4 Bedrooms | $245K | $327.5K | +33.7% |
5+ Bedrooms | $420.2K | $285K | -32.2% |
Summary: Franklin Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 33.7%, and 5+ bedroom homes decreased by 32.2%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $205K | $257K | +25.4% |
Jefferson Township | $188.5K | $190K | +0.8% |
Scioto Township | $195K | $194.5K | -0.3% |
Housing Supply in Franklin Township, OH
How many homes are available in Franklin Township, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 69 | -11.5% |
Summary: The Franklin Township real estate market had 69 homes for sale in March 2024, a 11.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 15 | +25.0% |
3 Bedrooms | 38 | 29 | -23.7% |
4 Bedrooms | 22 | 20 | -9.1% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Franklin Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 23.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Franklin Township in March 2024, up by 4.5% month-over-month. Of the 23 sold homes, 35% were sold under asking, 22% were sold at asking, and 43% were sold over asking.
Days on Market for Franklin Township, OH
How long does it take to sell a home in Franklin Township, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
82 Days | 70 Days | -14.4% |
Summary: Homes in Franklin Township had an average of 70 days on market in Mar 2024, down by 14.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in Franklin Township; 17% of homes were sold within 30 days, 65% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.